1207, 2023
DeFi Apps display their soft underbelly – Defi and Crypto deal with another pair of 9-figure hacks
Decentralized Finance protocols are harder to run than they look. There are multiple points of failure for platforms including smart contract exploits, flash loan attacks, and rug pulls by anonymous employees. In the last six weeks, two more US$100 million DeFi hacks have occurred in the crypto space, highlighting the sector's ongoing vulnerability.
2003, 2019
UN Report: North Korea pocketed $571 million from exchange hacks
A new U.N. report is linking cryptocurrency exchange hacks to North Korea. The report reveals that the embattled dictatorship continues to wage cyber attacks against other countries as a way to circumvent global sanctions and acquire foreign currency, using digital currencies to launder its illicit gains.
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